Business Update26 Jul 2024, 10:14 pm
XPRO India Ltd. Approves Further Investment of INR 120 Crores in Xpro Dielectric Films FZ-LLC
AI Summary
XPRO India Ltd. announced the outcomes of its Board Meeting held on July 26, 2024. The company approved un-audited standalone & consolidated financial results for the quarter ended June 30, 2024. Further, the board approved a further investment up to INR 120 Crores in Xpro Dielectric Films FZ-LLC, a wholly-owned subsidiary. The company also approved the disposal of its investment in M/s. Xpro Global Limited for a consideration of INR 3.00 Lacs. The meeting commenced at 11.45 A.M. and concluded at 4.00 P.M.
Key Highlights
- Approval of un-audited standalone & consolidated financial results for the quarter ended June 30, 2024
- Further investment of up to INR 120 Crores in Xpro Dielectric Films FZ-LLC
- Disposal of investment in M/s. Xpro Global Limited for a consideration of INR 3.00 Lacs
- Xpro Dielectric Films FZ-LLC is a wholly-owned subsidiary of XPRO India Ltd.
- The investment in Xpro Dielectric Films FZ-LLC is aimed at expanding the company's global footprint and providing capital resources for project implementation